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Faust announced in December that the University would be halting construction of its $1 billion Allston Science Complex, the centerpiece of Harvard's planned 50-year expansion into Allston, due to financial troubles. Harvard's endowment shrunk by 30 percent last year amidst the recession...
Slashing the workforce has also taken a toll on the remaining employees, Jaeger says, since they must take on additional responsibilities to make up for fewer staff. HUCTW officials found that more than 60 percent of respondents to an internal survey said they had seen an increased workload in the past year due to cuts...
...other major pressure that Harvard faced was the continuation of the budget crisis that struck the University last year. Harvard’s endowment plummeted nearly 30 percent, and Faculty of Arts and Sciences budget deficits led to many cuts in services. The most visible sign of this may have been the absence of hot breakfasts in the Houses, but other cuts include shrinking library and Bureau of Study Counsel hours. While none of the actions that the University has been forced to take have been unreasonable, administrators should be sure to continue with trepidation...
...replacement may be different in different departments, depending on Harvard’s hiring priorities. We hope that Harvard does not have to diminish any area of its course offerings as a result of professors leaving. That said, some measures that the University is taking, such as two-percent merit-based raises for professors and three-percent raises in graduate-student stipends, are unlikely to have anything more than symbolic value...
...reason that we were so successful is that people on our team work harder than the competition,” Gemmell said. “Everyone is giving 110 percent every time...